The federal government has announced a fresh increase in petroleum prices, raising the price of petrol by Rs6.39 per litre and high-speed diesel (HSD) by Rs7.83 per litre. The revised prices have come into effect from 12:00 am, following the issuance of an official notification by the Ministry of Finance.
According to the notification, the increase was made in line with recommendations from the Oil and Gas Regulatory Authority (OGRA) and the relevant government ministries after reviewing trends in international oil markets and fluctuations in the exchange rate.
With the latest revision, motorists and transport operators across the country are expected to face higher fuel costs. The increase is also likely to affect transportation expenses, logistics, and the prices of essential commodities, adding further pressure on inflation.
The government reviews petroleum prices every fortnight based on changes in global crude oil prices, import premiums, and the value of the Pakistani rupee against the US dollar.
